$RMNI
Rimini Street, Inc.

2015 Q2 Form 10-Q Financial Statement

#000114420415047355 Filed on August 07, 2015

View on sec.gov

Income Statement

Concept 2015 Q2
Revenue $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $0.00
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $0.00
YoY Change
Operating Profit -$33.25K
YoY Change
Interest Expense $0.00
YoY Change
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $0.00
YoY Change
Income Tax
% Of Pretax Income
Net Earnings $1.980K
YoY Change
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share $0.00
COMMON SHARES
Basic Shares Outstanding 21.56M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2015 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.100M
YoY Change
Cash & Equivalents $1.110M
Short-Term Investments
Other Short-Term Assets $0.00
YoY Change
Inventory
Prepaid Expenses $21.75K
Receivables
Other Receivables
Total Short-Term Assets $1.132M
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $172.5M
YoY Change
Total Long-Term Assets $172.5M
YoY Change
TOTAL ASSETS
Total Short-Term Assets $1.132M
Total Long-Term Assets $172.5M
Total Assets $173.7M
YoY Change
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $10.00K
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $6.000M
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $6.000M
Total Long-Term Liabilities $0.00
Total Liabilities $6.048M
YoY Change
SHAREHOLDERS EQUITY
Retained Earnings -$7.371K
YoY Change
Common Stock $530.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $5.000M
YoY Change
Total Liabilities & Shareholders Equity $173.7M
YoY Change

Cashflow Statement

Concept 2015 Q2
OPERATING ACTIVITIES
Net Income $1.980K
YoY Change
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities -$50.00K
YoY Change
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$172.5M
YoY Change
Cash From Investing Activities -$172.5M
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 173.6M
YoY Change
NET CHANGE
Cash From Operating Activities -50.00K
Cash From Investing Activities -172.5M
Cash From Financing Activities 173.6M
Net Change In Cash 1.010M
YoY Change
FREE CASH FLOW
Cash From Operating Activities -$50.00K
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2015Q2 us-gaap Common Stock Value
CommonStockValue
530 USD
CY2015Q2 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
5006850 USD
CY2015Q2 us-gaap Liabilities
Liabilities
6047500 USD
CY2015Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
5303868 shares
CY2015Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1110063 USD
CY2015Q2 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
21745 USD
CY2015Q2 us-gaap Assets Current
AssetsCurrent
1131808 USD
CY2015Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
20000000 shares
CY2015Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2015Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2015Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
5303868 shares
CY2015Q2 gpiau Underwriters Discount Percentage
UnderwritersDiscountPercentage
0.060 pure
CY2015Q2 gpiau Payments To Underwriters In Cash
PaymentsToUnderwritersInCash
4312500 USD
CY2015Q2 gpiau Underwriters Deferred Discount Amount
UnderwritersDeferredDiscountAmount
6037500 USD
CY2015Q2 us-gaap Assets Held In Trust Noncurrent
AssetsHeldInTrustNoncurrent
172535231 USD
CY2015Q2 us-gaap Assets
Assets
173667039 USD
CY2015Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
10000 USD
CY2015Q2 us-gaap Due To Other Related Parties Classified Current
DueToOtherRelatedPartiesClassifiedCurrent
86321 USD
CY2015Q2 us-gaap Notes Payable Related Parties Classified Current
NotesPayableRelatedPartiesClassifiedCurrent
100000 USD
CY2015Q2 gpiau Working Capital Loan
WorkingCapitalLoan
1000000 USD
CY2015Q2 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
us-gaap Operating Income Loss
OperatingIncomeLoss
-42602 USD
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
525590 USD
us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
1321 USD
CY2015Q2 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2015Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-7371 USD
CY2015Q2 us-gaap Stockholders Equity
StockholdersEquity
5000009 USD
CY2015Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
173667039 USD
CY2015Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2015Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2015Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
400000000 shares
us-gaap Use Of Estimates
UseOfEstimates
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 27.5pt; MARGIN: 0in 0in 0pt" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 27.5pt; MARGIN: 0in 0in 0pt" align="justify"><i><font style="FONT-SIZE: 10pt">Use of estimates</font></i></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 27.5pt; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">&#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 27.5pt; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period.</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 27.5pt; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">&#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 27.5pt; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">Making estimates requires management to exercise significant judgment. It is at least reasonably possible that the estimate of the effect of a condition, situation or set of circumstances that existed at the date of the financial statements, which management considered in formulating its estimate, could change in the near term due to one or more future events. Accordingly, the actual results could differ significantly from those estimates.</font></div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
CY2015Q2 us-gaap Common Stock Other Shares Outstanding
CommonStockOtherSharesOutstanding
16258632 shares
CY2015Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-33251 USD
CY2015Q2 us-gaap Deferred Long Term Liability Charges
DeferredLongTermLiabilityCharges
6037500 USD
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;LINE-HEIGHT: 106%; MARGIN: 0in 0in 0pt"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 27.5pt; MARGIN: 0in 0in 0pt" align="justify"><i><font style="FONT-SIZE: 10pt">Concentration of credit risk</font></i></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 27.5pt; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">&#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 27.5pt; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">Financial instruments that potentially subject the Company to concentration of credit risk consist of cash accounts in a financial institution which, at times may exceed the Federal depository insurance coverage of $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">250,000</font>. At June 30, 2015, the Company had not experienced losses on these accounts and management believes the Company is not exposed to significant risks on such accounts.</font></div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
CY2015Q2 us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
33251 USD
us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
42602 USD
CY2015Q2 us-gaap Investment Income Interest
InvestmentIncomeInterest
35231 USD
us-gaap Investment Income Interest
InvestmentIncomeInterest
35231 USD
CY2015Q2 us-gaap Net Income Loss
NetIncomeLoss
1980 USD
us-gaap Net Income Loss
NetIncomeLoss
-7371 USD
CY2015Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
4346440 shares
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
4104745 shares
CY2015Q2 us-gaap Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
16258632 shares
CY2015Q2 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
162619530 USD
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
21745 USD
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
-54347 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-172500000 USD
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
10000 USD
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
173664410 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
1110063 USD
CY2015Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
0 USD
us-gaap Debt Issuance Costs Incurred During Noncash Or Partial Noncash Transaction
DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction
85000 USD
us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
172500000 USD
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
100000 USD
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
100000 USD
CY2015Q2 us-gaap Common Stock Other Value Outstanding
CommonStockOtherValueOutstanding
162619530 USD
us-gaap Proceeds From Contributed Capital
ProceedsFromContributedCapital
25000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
146250000 USD
us-gaap Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
6062500 USD
us-gaap Proceeds From Other Equity
ProceedsFromOtherEquity
21937500 USD
us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
86321 USD
gpiau Deferred Underwriting Fees
DeferredUnderwritingFees
6037500 USD
CY2015Q2 gpiau Common Units Issued In Initial Public Offering
CommonUnitsIssuedInInitialPublicOffering
17250000 shares
CY2015Q2 us-gaap Other Ownership Interests Offering Costs
OtherOwnershipInterestsOfferingCosts
10960590 USD
CY2015Q2 us-gaap Expense Related To Distribution Or Servicing And Underwriting Fees
ExpenseRelatedToDistributionOrServicingAndUnderwritingFees
4312500 USD
CY2015Q2 us-gaap Deferred Offering Costs
DeferredOfferingCosts
6037500 USD
dei Entity Incorporation Date Of Incorporation
EntityIncorporationDateOfIncorporation
2015-01-28
CY2015Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.00
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.00
CY2015Q1 us-gaap Stockholders Equity
StockholdersEquity
0 USD
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
25000 USD
us-gaap Adjustments To Additional Paid In Capital Warrant Issued
AdjustmentsToAdditionalPaidInCapitalWarrantIssued
6062500 USD
us-gaap Stock Redeemed Or Called During Period Value
StockRedeemedOrCalledDuringPeriodValue
162619530 USD
gpiau Sale Of Ordinary Shares Value Net Of Underwriters Discount And Offering Expenses
SaleOfOrdinarySharesValueNetOfUnderwritersDiscountAndOfferingExpenses
140389410 USD
gpiau Sale Of Ordinary Shares Over Allotment Units Value To Underwriters Net Of Underwriters Discount
SaleOfOrdinarySharesOverAllotmentUnitsValueToUnderwritersNetOfUnderwritersDiscount
21150000 USD
CY2015Q2 us-gaap Due To Affiliate Current
DueToAffiliateCurrent
10000 USD
us-gaap Administrative Fees Expense
AdministrativeFeesExpense
20000 USD
CY2015Q2 us-gaap Due To Affiliate Current
DueToAffiliateCurrent
10000 USD

Files In Submission

Name View Source Status
0001144204-15-047355-index-headers.html Edgar Link pending
0001144204-15-047355-index.html Edgar Link pending
0001144204-15-047355.txt Edgar Link pending
0001144204-15-047355-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
gpiau-20150630.xml Edgar Link completed
gpiau-20150630.xsd Edgar Link pending
gpiau-20150630_cal.xml Edgar Link unprocessable
gpiau-20150630_def.xml Edgar Link unprocessable
gpiau-20150630_lab.xml Edgar Link unprocessable
gpiau-20150630_pre.xml Edgar Link unprocessable
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R3.htm Edgar Link pending
R4.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
v416066_10q.htm Edgar Link pending
v416066_ex31-1.htm Edgar Link pending
v416066_ex32-1.htm Edgar Link pending